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Saudi Aramco Pricing Also Feeding Into The Negative Risk Backdrop

OIL

Weaker oil prices are also feeding into the risk-off story at the start of the week.

  • The weekend saw Saudi Arabia cut October oil shipment pricing to Asia and the U.S., drawing questions over broader crude demand.
  • BBG flags that participants have noted that the price cuts of the benchmark Arab Light crude were larger than expected.
  • The pricing details also revealed that Saudi cut pricing for lighter barrels to north west Europe and the Mediterranean.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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